Similar to a debit card, prepaid cards are already loaded with funds that the buyer can use. Players opt to use these cards for anonymity and security.
Before you can make a deposit with one of the prepaid payment options, you have to obtain a prepaid credit card or voucher card. Voucher cards like Paysafecard can be purchased in many gas stations or supermarkets across the globe.
Most voucher cards have a numerical code on them that you can enter through the cashier section of an online casino. Your funds will be available right after you confirmed the transaction. If you don't use up the entire value of your voucher card in the same purchase, don't worry. The unused money remains stored on your coupon for future payments. Usually, it is even possible to combine several voucher codes for a single payment.
Withdrawals can be a bit of a tricky topic when it comes to prepaid payments at online casinos. Not all prepaid credit cards and voucher cards are exactly the same. For example, there is a possibility to send your winnings back to your Paysafecard voucher code.
The same is true for prepaid credit cards. Some of them allow you to set up an account that makes it possible to withdraw funds back to your prepaid card while most of them don’t offer that option at all.
Most prepaid payment methods that are available in online casinos do not require any verification at all. Neither is it necessary to set up an account in the first place. However, there is a wide variety of options available, and some of them allow you to connect your voucher cards or prepaid credit card to an account.
Many players value the anonymity of voucher cards and if you connect them to a specially designed account under your name this defeats the purpose. If this doesn’t bother you, then that’s no problem at all. Most verifications of this type require a form of ID (ID card, passport, or driver's license) and proof of address (for example, a recent utility bill).
Prepaid credit cards have the same advantages in online casinos as regular cards. They benefit from extremely low transaction fees, for example.
A big advantage of playing at an online casino is the welcome bonus. You should always look out for lucrative welcome bonuses, as this can get you a nice amount of bonus cash with which to play. Almost all prepaid payment options will qualify for the majority of bonus offers in most online casinos. However, we always recommend checking out the bonus terms and the general terms and conditions to avoid any unpleasant surprises.